Tag Archives: general fund

State surpluses keep growing. Taxpayers likely won’t get any of it back

August 25, 2021

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By RICK BRUNDRETT Lawmakers have far more state tax dollars to play with this fiscal year, though there has been no serious interest in returning any of it to taxpayers. In an annual report released earlier this month, S.C. comptroller general Richard Eckstrom – the state’s top accountant – said the state had a $1.024 […]

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As South Carolinians’ income shrinks, state agency surpluses grow

September 3, 2020

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By RICK BRUNDRETT The S.C. Department of Commerce started fiscal 2021 with a $103.1 million general-fund surplus – more than double its reserves from a year ago. The S.C. House of Representatives had a $23.7 million surplus as of July 1 for its 124-member chamber – nearly $1 million more than its entire budget, records […]

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S.C. agencies sitting on nearly $500M in taxpayer funds

September 6, 2018

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By RICK BRUNDRETT As S.C. lawmakers plan to push a massive borrowing bill next year, they likely won’t publicly talk about the fat reserves that some state agencies have accumulated – including their own chambers. State agencies collectively carried over about $484.5 million in general funds into the fiscal year that started July 1, according […]

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